Zacks Research Forecasts Weyerhaeuser Q3 Earnings

Weyerhaeuser (NYSE:WY) – Equities research analysts at Zacks Research issued their Q3 2024 earnings estimates for shares of Weyerhaeuser in a research report issued to clients and investors on Tuesday, October 22nd. Zacks Research analyst S. Mukherjee anticipates that the real estate investment trust will post earnings per share of $0.03 for the quarter. The consensus estimate for Weyerhaeuser’s current full-year earnings is $0.48 per share. Zacks Research also issued estimates for Weyerhaeuser’s FY2024 earnings at $0.47 EPS.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share.

A number of other equities research analysts also recently commented on WY. Argus upgraded Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. DA Davidson decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Truist Financial boosted their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, Citigroup dropped their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.33.

Weyerhaeuser Stock Up 0.6 %

Shares of WY stock opened at $31.85 on Thursday. The stock has a market cap of $23.17 billion, a P/E ratio of 30.92 and a beta of 1.40. The company’s fifty day simple moving average is $31.97 and its two-hundred day simple moving average is $30.88. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27.

Institutional Investors Weigh In On Weyerhaeuser

Several hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC increased its stake in shares of Weyerhaeuser by 0.8% during the first quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock valued at $1,544,000 after buying an additional 348 shares during the period. Wedmont Private Capital increased its position in Weyerhaeuser by 4.4% during the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 350 shares during the period. Institute for Wealth Management LLC. raised its holdings in shares of Weyerhaeuser by 2.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after purchasing an additional 366 shares in the last quarter. CWM LLC raised its holdings in shares of Weyerhaeuser by 2.2% in the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 368 shares in the last quarter. Finally, Trust Co. of Toledo NA OH lifted its position in shares of Weyerhaeuser by 0.9% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock worth $1,457,000 after purchasing an additional 402 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Calvin O’rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 77.67%.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.